Tag Archives: Nigeria
Dubai shopping retail mall

Local retailers have edge in frontier markets

Growing retail markets in Africa and parts of the Middle East carry vast potential for retailers, if they can manage to break into them. In much of the developing world, demand for high-quality, typically western, consumer products has increased. In many African and Middle Eastern cities, malls that sell designer brands are thriving. But international […]

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mexico energy oil pump

Political risk is alive and well in the global oil industry

Despite innovation in the US oil patch, the big stories in oil still lie outside the US—where hydraulic fracturing and innovation in drilling technology are unlikely to play a major role in its extraction. The oil business is likely to remain messy for the foreseeable future. For better or worse, oil will remain central to […]

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First Lady Michelle Obama holding a sign with the hashtag "#bringbackourgirls"; Source: Michelle Obama, Office of the First Lady via Wikipedia

Despite repercussions, Boko Haram threat will persist

Rooted in poor governance, rampant unemployment and transnational links, Boko Haram may pay for its latest senseless act of predation. But its prospects, unfortunately, are bright. Boko Haram is known for its large-scale bombings and violent attacks across northern Nigeria and beyond, which often leave hundreds dead in their wake. But even by the group’s own brutal standards, […]

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Four Countries that beat the resource curse

Four countries that have successfully navigated the potential pitfalls of natural resource wealth provide examples of how best to avoid falling victim to the “paradox of plenty.” A quick look at emerging powers and the world as a whole reveals the importance and power that certain resources can bring.  Whether it’s Russia using its significant […]

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Nigeria senate house Abuja

Nigeria tackles its pension problems

Nigeria’s recent pension reform seeks to make significant changes to the current system and signals Nigeria may be a good investment. On April 8, 2014 the Nigerian Senate passed the Pension Reform Act of 2014 which repeals the Reform Act of 2004. Following the vote, the upper house of the Nigerian legislature has asked President […]

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Abuja Nigeria

Nigeria becomes Africa’s largest economy after GDP revision

Nigeria has begun using a new base year for its GDP calculations and has added new sectors to the economy. The change in calculation has nearly doubled its GDP estimate for 2013. At the beginning of April, Nigeria overtook South Africa as the largest economy on the continent, nearly doubling its GDP through a statistical revision. […]

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Nigeria Oil (REUTERS/Akintunde Akinleye)

Part IV of IV: Nigeria’s failed attempt at subsidy reform

This final part in the GRI Series on energy subsidies examines Nigeria’s attempt at reform, and why it went wrong. Gradual adjustment and decision transparency are key elements of success. Nigeria provides an excellent case study on the failure to properly manage the removal of energy subsidies. Currently the eighth most populous country in the […]

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Cape Town South Africa Fracking Rally

4 policy areas South Africa must address

South Africa faces increased regional competition as a place for investment. Here are 4 areas that may help the country stay ahead. This April marks the three year anniversary of the inclusion of South Africa in the BRICS group since South African President Jacob Zuma spent considerable efforts to be included. That group of widely […]

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Startups Africa

African tech start-ups show potential but lack access to capital

Thanks to the success of its mobile phone market, Africa’s tech start-up scene has developed rapidly, with tremendous market potential. Nevertheless, lack of capital and high service costs could stand in the way of potential entrepreneurs. There has been a marked increase in investor interest in Africa’s technology sector and for good reason. The market is growing at […]

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Indonesia market

MINTs: the new emerging market acronym

In 2001, Jim O’Neill coined the term “BRIC” (Brazil, Russia, India and China). As the BRICs may face economic slowdown questions arise over what emerging market group will replace them. Mr. O’Neill has the answer: the MINT countries – Mexico, Indonesia, Nigeria and Turkey. Fidelity International came up with this term, but Mr. O’Neill has […]

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